Webinars

Upcoming Webinars

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Past Webinars

Do We Continue to Make Reserve Contributions if Our Reserves are Surplus?

This is a very common question and the idea of “Percent Funded” is still confusing to many associations. So before we answer the question, let’s define what it means to be 100% funded.

To be 100% funded means as of a particular point in time the Association has Reserve funds on hand exactly equal to the deterioration of its Reserve components. It does NOT mean that the Association has 100% of the funds needed to repair and replace all the components in the Reserve Study.

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6 Ways to Minimize your Reserve Contributions

Why put more money into your Reserve Fund than necessary? I can’t think of a good reason! You don’t want to make Reserve contributions that err on the side of being too little, that may lead your Association toward a Special Assessment, borrowing, or the even higher costs that come with deferred maintenance.

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Funding Plans

The “Funding Plan” is a calculated plan of regular monthly assessments and/or special assessments necessary to perform common area repairs & replacements in a timely manner.

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